Trump Proposes Tariffs, Markets Slip Globally

Markets reacted negatively after US President Donald Trump over the weekend proposed new tariffs — 10% from Feb. 1 rising to 25% in June — on goods from eight European countries, reviving trade tensions and prompting equity futures to slump and the dollar to weaken. Safe-haven demand pushed gold above $4,680 an ounce and silver to record highs while Asian equities fell ahead of China Q4 GDP data.